\documentclass[]{article}
\setlength{\pdfpagewidth}{8.5in} \setlength{\pdfpageheight}{11in}
\begin{document}
\begin{tabular}{lccc} \hline
 & (1) & (2) & (3) \\
VARIABLES & FDl\_share5\_w & FDl\_share5\_w & FDl\_share5\_w \\ \hline
 &  &  &  \\
l\_va\_total\_FD & -0.487*** & 0.0479 & -0.488*** \\
 & (0.0180) & (0.0510) & (0.0180) \\
Constant & 0.0142*** & 0.00242 & 0.0142*** \\
 & (0.000934) & (0.00556) & (0.000933) \\
 &  &  &  \\
Observations & 8,759,002 & 484 & 8,758,518 \\
R-squared & 0.016 & 0.015 & 0.016 \\
Firm FE & No & No & No \\
Year FE & No & No & No \\
Cluster & Sector x Year & Sector x Year & Sector x Year \\
Filter & FD & FD &  \\
 Firms & All &  & Small$<$0.5 \\ \hline
\multicolumn{4}{c}{ Large>0.5} \\
\multicolumn{4}{c}{ Robust standard errors in parentheses} \\
\multicolumn{4}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
\end{document}
